ENTREPRENEURIAL LITERACY EMPOWERS EVERYONE

Earn Your "GENIUS" Certificate
Teachers - Students - Parents - Entrepreneurs - Officials

Do You Know How Entrepreneurship REALLY WORKS?

Entrepreneurial Literacy means having some basic knowledge of how a business is created and managed. It is the starting point for real experiences that test your knowledge and skills and motivate the entrepreneurial spirit in each of us. Real entrepreneurial skills come from experience. Literacy is the starting point to enable you to learn from your experiences.

This year we want to recognize ENTREPRENEURIAL LITERACY as a real American necessity, whether you work for someone else or start your own business. These are the skills that empower everyone to succeed in any type of job in any industry and fuel the American economy.

Major Goal: Use these 20 questions in many different ways...to start the conversation. You will note that there is no single answer for any of them...rather an opportunity to really give some thought to the question. Answers will be different depending on the situation....and in fact will change over time.

20 Questions for All Americans

1. How can a person's career skills and experiences lead to becoming a successful entrepreneur?
2. What personality traits are more likely to lead to success as an entrepreneur?
3. Are there differences between a market economy, entrepreneurship, free enterprise, and capitalism? Explain.
4. What taxes do entrepreneurs pay?
5. What items are part of a firm's operating costs?
6. How can an entrepreneur learn about what the customers want?
7. How can computer skills help with business operations?
8. How do entrepreneurs deal with risks?
9. How is personal financial literacy related to business financial literacy?
10. What factors determine where to locate a business?
11. Why is branding important?
12. How does competition affect entrepreneurship?
13. What percent of American firms have no employees working for them? Why is this important?
14. What are some sources of funding to start a business?
15. What can an entrepreneur do if business sales drop off?
16. What should an entrepreneur consider when hiring employees for the business?
17. How does an entrepreneur work in a country that doesn't support capitalism?
18. What is "tolerance of ambiguity" and why is it important to an entrepreneur?
19. How might an entrepreneur use company profits?
20. Why do entrepreneurs say they are in charge of their own fate?

CELEBRATE NATIONAL ENTREPRENEURSHIP WEEK

BY SPOTLIGHTING YOUR ENTREPRENEURIAL LITERACY